
Jefferies Raises Price Targets for Canadian Banks, But Cautions on Valuation Risks Ahead of Q3 Earnings
Jefferies Financial Group has raised its price targets across the Canadian banking sector, citing limited fallout from global trade tensions and improved economic conditions in both Canada and the U.S. ahead of third-quarter earnings. However, the firm warns that with bank valuations nearing “priced for perfection” levels, any earnings disappointment could lead to sharp declines…